Financial Services

Cooperation with investigation and efforts to comply with obligations also considered, agency official say

Regulators are taking a keen interest in how firms deploy AI

Agencies signal that random monitoring is not enough

Family offices, registered investment advisers & private funds could all be included in expanded designation

What’s driving the evolution of financial crime compliance? Market impact report Evolution of Financial Crime Compliance: The People & Tech Imperative What’s in this report from AML RightSource & HFS Research: While financial services firms have been some of the earliest and most extensive adopters of cutting-edge technologies, a scarcity of skilled talent, organizational silos and lack of C-suite support...

Organizations prioritizing cost reduction while ensuring regulatory adherence Annual report True Cost of Financial Crime Compliance What’s in this report from LexisNexis Risk Solutions and Forrester Consulting: Financial crime compliance costs have increased for almost every organization, according to research by LexisNexis and Forrester Consulting, which found that the total cost of fincrime compliance in the U.S. and Canada was...

Huntington avoids larger fine by self-reporting violation

Addressing London’s soft touch on dirty money

‘Blocked’ entities increasingly using corporate bond measures to gain access to financial markets

UK sees fines from FCA fall for first time in more than a half-decade

How can the investment industry expand equity and representation? Strategies for Action in Asset Management Inclusive Capitalism What’s in this report from the Milken Institute: The low representation of women and BIPOC (Black, indigenous and people of color) individuals in the $86 trillion asset management industry is a barrier to efficient and optimal capital markets. Only 2% of asset managers...

Diverse institutions are more profitable but are harder to access